Img src: Tradingview.com
Hi.. It's @luueetang here. I've been playing too much games but on the other hand, I've also been busy watching what Bitcoin and all the altcoins are doing.
At the moment, It seems that Bitcoin and Ethereum are currently still undecided in a manner. From the daily charts, it is currently at an oversold level and from my own experience, this could trigger a sharp pullback. The only question is when?
Fear and greed index
It is at extremely greed level. There is also a CME Gap that hasn't been closed at around 17k. However, on the 4hr price charts, it is at a bullish scenario.
Img src: Tradingview.com
From my own analysis, the 4hr chart is pretty accurate to some extend. Today is the 7th of December 2020, I am expecting a short rally pretty soon. Then there is going to be a pullback. What I would do is to wait for the price action before I decide on my next move. However, I am bullish on Bitcoin in December 2021, one year from now.
Many analyst have given a price prediction of 100k, 20k and etc. No one really knows what is really going to happen. Ethereum has a price target of 10 to 50k?
Well, One strategy I am going to utilize is to sell portions of it. Hope you enjoy this analysis and do follow and I will definitely follow you back.